Can I retire at age 67 with 2,270,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$187,454$185,785$184,156$182,566$181,013$175,712
2 years$92,799$91,071$89,396$87,772$86,197$80,898
3 years$61,252$59,516$57,845$56,236$54,687$49,558
4 years$45,481$43,750$42,096$40,515$39,003$34,083
5 years$36,021$34,301$32,669$31,119$29,649$24,951
6 years$29,716$28,009$26,401$24,887$23,461$18,989
7 years$25,215$23,522$21,939$20,461$19,080$14,834
8 years$21,840$20,163$18,606$17,164$15,829$11,807
9 years$19,217$17,555$16,026$14,620$13,330$9,528
10 years$17,120$15,474$13,972$12,602$11,358$7,770
11 years$15,405$13,776$12,300$10,968$9,768$6,389
12 years$13,977$12,364$10,916$9,620$8,465$5,287
13 years$12,769$11,174$9,753$8,493$7,381$4,398
14 years$11,735$10,157$8,763$7,539$6,471$3,674
15 years$10,840$9,278$7,912$6,724$5,697$3,080
16 years$10,057$8,513$7,173$6,020$5,035$2,589
17 years$9,367$7,840$6,527$5,409$4,465$2,182
18 years$8,755$7,244$5,959$4,875$3,970$1,842
19 years$8,207$6,714$5,455$4,405$3,538$1,558
20 years$7,715$6,239$5,006$3,989$3,160$1,319
21 years$7,270$5,811$4,605$3,621$2,828$1,118
22 years$6,867$5,425$4,244$3,292$2,535$949
23 years$6,499$5,074$3,919$2,998$2,276$806
24 years$6,162$4,754$3,624$2,734$2,045$685
25 years$5,852$4,461$3,357$2,497$1,841$583
26 years$5,567$4,193$3,113$2,283$1,658$496
27 years$5,304$3,946$2,891$2,090$1,495$422
28 years$5,059$3,718$2,687$1,915$1,349$359
29 years$4,832$3,508$2,501$1,756$1,218$306
30 years$4,621$3,313$2,329$1,612$1,100$261
31 years$4,423$3,131$2,172$1,480$995$222
32 years$4,238$2,963$2,026$1,360$900$189
33 years$4,065$2,806$1,892$1,251$814$161
34 years$3,903$2,659$1,768$1,151$737$138
35 years$3,750$2,522$1,653$1,059$668$117
36 years$3,605$2,394$1,546$976$605$100
37 years$3,469$2,274$1,447$899$548$85
38 years$3,341$2,161$1,355$829$497$73
39 years$3,219$2,055$1,270$764$451$62
40 years$3,103$1,955$1,190$705$409$53
41 years$2,994$1,861$1,116$650$371$45
42 years$2,890$1,772$1,047$600$337$39
43 years$2,791$1,689$982$554$306$33
44 years$2,697$1,610$922$511$277$28
45 years$2,607$1,535$866$472$252$24
46 years$2,522$1,464$813$436$229$20
47 years$2,440$1,397$764$403$208$17
48 years$2,362$1,334$718$372$189$15
49 years$2,288$1,274$675$344$171$13
50 years$2,216$1,217$634$318$156$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,270,000, adding $4,935 every year, while hoping to spend $37,675 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 37/44/19 Blend
66$2,270,000$2,270,000$2,270,000$2,270,000
67$2,506,630$2,386,320$2,351,135$2,584,830
68$2,722,221$2,463,164$2,389,813$2,718,764
69$2,958,539$2,542,511$2,428,523$2,859,428
70$3,217,659$2,624,443$2,467,227$3,010,584
71$3,501,865$2,709,046$2,505,885$3,173,195
72$3,813,675$2,796,408$2,544,451$3,348,319
73$4,155,860$2,886,623$2,582,881$3,537,121
74$4,531,473$2,979,783$2,621,123$3,740,879
75$4,943,878$3,075,987$2,659,125$3,960,999
76$5,396,779$3,175,336$2,696,831$4,199,028
77$5,894,258$3,277,935$2,734,183$4,456,666
78$6,440,811$3,383,892$2,771,116$4,735,785
79$7,041,390$3,493,319$2,807,565$5,038,442
80$7,701,452$3,606,331$2,843,458$5,366,903
81$8,427,008$3,723,050$2,878,722$5,723,659
82$9,224,682$3,843,598$2,913,278$6,111,452
83$10,101,768$3,968,103$2,947,042$6,533,300
84$11,066,307$4,096,699$2,979,926$6,992,525
85$12,127,155$4,229,522$3,011,838$7,492,784
86$13,294,070$4,366,714$3,042,680$8,038,101
87$14,577,804$4,508,421$3,072,349$8,632,907
88$15,990,202$4,654,796$3,100,734$9,282,083
89$17,544,317$4,805,995$3,127,723$9,990,999
90$19,254,530$4,962,181$3,153,194$10,765,571
91$21,136,686$5,123,522$3,177,021$11,612,313
92$23,208,245$5,290,192$3,199,068$12,538,397
93$25,488,445$5,462,371$3,219,196$13,551,724
94$27,998,484$5,640,245$3,237,257$14,660,993
95$30,761,719$5,824,006$3,253,094$15,875,787
96$33,803,887$6,013,854$3,266,545$17,206,659
97$37,153,346$6,209,996$3,277,437$18,665,236
98$40,841,346$6,412,645$3,285,590$20,264,320
99$44,902,321$6,622,022$3,290,815$22,018,018
100$49,374,213$6,838,356$3,292,912$23,941,867